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Capital Stock (Notes)
 12 Months Ended
Dec. 31, 2025
Equity [Abstract]  
Capital Stock
CAPITAL STOCK
ITT has authority to issue an aggregate of 300 shares of capital stock, of which 250 shares have been designated as common stock having a par value of $1 per share and 50 shares have been designated as preferred stock not having any par or stated value. There was no preferred stock outstanding as of December 31, 2025 and 2024.
On December 10, 2025, the Company issued 8.05 shares of common stock at a public offering price of $167.00 per share, generating net proceeds of $1,314.1 after underwriting discounts and expenses. The shares were issued under the Company’s shelf registration statement on Form S-3ASR. The Company intends to use the net proceeds to fund a portion of the cash purchase price for the previously announced acquisition of SPX FLOW, Inc., ("SPX FLOW") expected to close by the end of the first quarter of 2026. If the acquisition is not consummated, the Company intends to use the net proceeds for general corporate purposes.
The holders of ITT common stock are entitled to receive dividends when and as declared by ITT’s Board of Directors. Dividends are paid quarterly. Dividends declared were $1.404, $1.276 and $1.160 per common share totaling $111.0, $104.8, and $95.9 in 2025, 2024, and 2023, respectively.
On October 4, 2023, the Board of Directors approved an indefinite term $1,000 open-market share repurchase program (the 2023 Plan). There was $455 of remaining capacity left under the 2023 Plan as of December 31, 2025. The following table summarizes our share repurchase activity.
As of December 31202520242023
Shares repurchased and retired3.8 0.8 0.7 
Cost of share repurchases$525.0 $104.8 $60.5 
Separate from our open-market share repurchase programs, the Company withholds shares of common stock in settlement of employee tax withholding obligations due upon the vesting of equity-based compensation awards. The following table summarizes Company share withholdings related to net shares settlement of stock incentive plans.
As of December 31202520242023
Shares withheld for taxes related to net share settlement of stock incentive plans0.1 0.1 0.1 
Payments for taxes related to net share settlement of stock incentive plans$13.8 $14.2 $7.2